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20121201
20121231
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CNBC 22
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
. >> adt. >> josh brown. >> buy johnson & johnson. >> there's more "fast money." the dow is off its lowest level of this day thus far it's down 120 points. it was down 145 at its lowest levels. keeping our eye on the cliff and the negotiations in d.c. follow me on twitter. >>> "halftime" is over. the second half of your trading day begins now. >>> the skies over capitol hill. what's going on there is landing like a led balloon on wall street. if you're losing money the last four days, you know who it is. senate majority leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be smooth skies for the industry next year in 2013. phil lebeau has the report. >>> how about housing? what a
of runaway spending. congressman paul brown will join us. >> and top picks for 2013. you'll never guess what stock he likes the most. >> hmm. >> back in a moment with that. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. >>> welcome back. take a look at these markets. we're worsening as we approach the close. the dow jones industrial average down 92 points. that's almost, well,
: a bulging mouthful of wet, brown goo that's smelly and spitty... [spitting sounds] brown and drooly. not anymore. now there's snus. >> there's no spitting or anything, so no one knows you're doing it. >> when he does it, when justin billings uses snus, he tucks it, a tiny teabag-like pouch filled with tobacco, discreetly under his upper lip. there's no lump in his cheek and no juice. >> do you snus in class? >> yeah, it's great. >> what do you mean, it's great? >> i can be in class, and instead of looking like, "oh, there's 40 minutes left in this class; i just want a cigarette," i can put the snus in and continue to pay attention and don't have to focus on the tobacco craving. >> snus curbs the craving as the nicotine absorbs into his gums. >> you want to smell it? >> yeah. billings is 31, a musician and college student in l.a., who has smoked since he was 16. >> kind of grassy. >> smells good to me. >> phillip morris and r.j. reynolds have been selling their brands of marlboro and camel snus for about a year. at $4 a can, about half what a pack of cigarettes usually costs, the com
is going on right now according to rich mcconnell. >> what we got was a facebook post from scott brown who said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin
brown follower. i think he's a little different, in my book, but that tweet he sent where the president made the gop a deal and he was jumping on a plane and all of a sudden the white house denied it's true and now we see that the house of representatives, for no apparent tangible reason, going to be back in session on sunday, i personally think scott brown tweeted something he wasn't supposed to. i think there is movement there, and i think maybe his tweet offers us a clue, even though nobody want to acknowledge the characters in kabuki theser. >> isn't that interesting. andrew, it all comes as the volatility index, the fear indicator in the market has been rising. we were back in yellow black territory, above 20 for the first time since july. which would mean that the market was actually getting sweaty palms here, don't you think? >> yeah. it's getting pretty chaotic. the interesting thing to me is you look at the volume. the volume is extremely low. look at a stock like apple. shares 20 million shares in a day. today half the volume. traded 10 million shares. came out and said the ho
the charlie brown thing, they jerk the ball away. and this is what is going on. >> the posturing conceals the process that we are not aware of. but i talked to a budget aid that said, he thinks things are getting worse in terms for prospects of a deal. >> by the way, my contacts have said the same thing. you thank you very, very much. all of this may be defying predictions. it is a classic risk of a market rally. you know brian, you look at the market since the middle of november. i can't believe it is all fiscal cliff. what is going on here? >> really, since the beginning of november, you have seen this removal of uncertainty. so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cu
higher. i feel the same about brown forman but my favorite is diageo. let's go to michelle in florida. >> caller: jim, i look forward to your show every week night, it's enlightening and energizing. i have noticed that retail sales are up in china almost 15% and i would love to hear your thoughts about retail stocks that have exposure in china such as tiffany. >> i'm not a big fan of tiffany. that stock has been a very, very difficult stock. i do think that you want to look at pvh because of the warm weather in america, but after they bought calvin klein, that's the one i think you ought to look at. let it come in, warm weather is going to cause everybody to have jitters. i wish we could forget about politics. i'd love to discuss decker's or coach. until we get a deal, it's bad news for the market. even for cheap stock like apple. "mad money" will be right back. >>> high on biotech. medical innovations continue to help us. tonight, two companies with breakthrough products that are leading the charge. cramer is talking to the ceos of immunogen and seattle genetics, just ahead. and late
of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they were wrong last time. they'll be wrong again. i'm going to bet them a bottle of jack daniels that will be the case. in fact i'll bet them a case of jack daniels that will be the case. if they're close, as we told you we like asina. and i would be willing to be a buyer of that niche retailer ahead of this quarter because of some merger gains i think we'll hear about. but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so man
happened in britain two years ago when gordon brown raised the highest tax rate from 40% to 50%. the number of millionaires reporting income for tax purposes went from 16,000 down to i think 6,000. they're losing all sorts of money and it's a double dip recession. these guys, it's just incredible what they're doing. they think that if you tax job creators, job creators are going to create more jobs. it's crazy. >> how can you have new businesses, how can you have new ventures without capital? it's the basis of the system. >> you can't. >> and if you're penalizing capital with higher tax rates, as we are across the board, how can this possibly lead to economic growth and job creation? no one's really talking about this. >> it's exactly right. you fine people for speeding to get them to slow down and not speed. you raise taxes on cigarettes to get people to stop smoking. yet now you're going to raise taxes on rich people and job creators to get them to do what? create more jobs? this is just double think craziness. >> here's the killer question for you. the killer question. >> i'm ready. >> g
. this year you have the governor of the state of california, brown, sign the executive order requiring that every new home built in 2014 have a roof capable of holding a solar panel. he signed another executive order requiring every state company that has a company of 10,000 square foot or more in building be required to supply with a zero footprint their own energy source being solar or wind by the year 2025. driving through california, past a company. they have their own windmill and their own solar panel for their own power supply. it's absolutely ridiculous and outrageous. that's why you see people leaving. >> it costs a fortune. this stuff costs a fortune. carbon tax, michael reagan. california has gone for a carbon tax. there may be a federal carbon tax. part of president obama's agenda is possibly to institute a carbon tax because of his dream of green energy and because he needs the money. cal would be doubling up there, too. twice on the carbon tax. >> everything's doubling up. the taxes that they just laid on us, retroactive to january 1, 2012. the president wanted to increas
haven't gone that far. what i have focuses on with my colleague sherrod brown is somewhat higher capital requirements. i think that would be a much less government intrusive way to address the situation. that would either make the big banks spin off some parts of their businesses to come down in size or the taxpayer would have a lot more protection before the next bailout because the mega banks would have more capital. >> dodd/frank was supposed to end too big to fail. how come we're still talking about? >> because if my opinion it's institutionalized. hasn't end it had at all and that's one of the leading reasons i'm against dodd/frank at all. >> what's the point of dodd/frank if one of the key elements of it isn't even doing anything and the rest of it, it's not even implemented yet? >> well, you know, i'm probably not person to ask to defend dodd/frank because i voted against it. i was against it really every step of the way. in terms of what it was about, i would point to a very early quote from rahm emanuel, then white house chief of staff. he said, talking about the 2008 financial
to that senate seat in massachusetts, does scott brown choose to run again and move that senate seat from the democratic column to the republican column? any insights this? >> well, that's certainly a possibility. scott brown hasn't ruled that out. but you have a democratic governor there who has talked about a number -- or there's been speculation about a number of people who could be candidates for that seat. either by appointment or in the special elections. don't know how quickly the special election would take place, but everybody from barney frank to young ted kennedy, the son of the late senator, so we're going to have to see how that plays out. certainly democrats are in a strong po in massachusetts, but of course, they were before scott brown was elected in 2010. >> john harwood, thanks for that update. more analysis on the blackberry maker. underweight on research in motion with price target of $7 a share. will, good to speak with you. >> good morning. thanks for having me. >> i want to get straight to the issue of the service revenue, 36% of total revenues for research in motio
that in the immortal words of joey brown in some like it hot, nobody's perfect, at least not when it comes to investing. why? not because i'm some kind of misanthrope, stock sadist who delights in spreading despair and making people miserable and not trying to make you hate stocks even more than you do in the wake of the flash crash, facebook ipo, so many examples of insider trading it's hard to count. i'm trying to help you cope with your own fallibility as investor to make sure you're as prepared as possible to avoid losses caused by the slings and arrows of an outrageous market or whips and scorns of a european politician. while also putting yourself in a position to maximize your profits when things are going well. yes, and you know we've got to do that because bulls make money and bears make money and hogs gets slaughtered. a diversified portfolio trumps conviction. used to have it on my pc. by never having all your stock eggs in one sector basket you'll never have to suffer through the agony of watching everything you own getting crushed when that basket gets run over by a truck or an oncoming tr
brown, and oh, there is going to be a call to bring congress back in. it was amazing to see the market on that -- >> scott brown bottom, as a lot of people were calling it. you were down more than 51. >> and it is amazing to see how our fortunes are being tied the at this point to what is going on in d.c. and every minor tweet or post or headline or what not, at the end of the day, it was four straight losing sessions for the dow, nasdaq, as well as the s&p 500. certainly something we have to watch. in the meantime, the clock is not only ticking for the fiscal cliff, but time is running out to avoid a strike at ports in massachusetts and texas, that could affect containers to and from the u.s. from reaching their destination. talks are taking place in secrecy between the international long shoresman association and the u.s. maritime alliance in an effort to keep 14,000 longshoreman from walking off the job. the national association of manufacturers puts the cost of a potential strike at $1 billion a day. and this is not just finished goods, obviously, but also raw materials and parts c
words is cliffmas. in a fiscal cliffmas used in a tweet from the reformed broker, josh brown. according to the congressional daily, the hill, illinois senator dick durbin also jumped on the phrase this week, "21 days until christmas. 27 days until cliffmas. that's the fiscal cliff, december 31st." >>> research in motion stock taking a hit this year. it fell 18%. the blackberry maker hopes its new platform due out in january will boost its brand. rim trading against the other smartphone makers right now -- apple is on the up side by 1.5% today. a big bounce back. rim is down a little bit by .66% and samsung up .5%. if we want te our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan,
? louisiana, you may or may not know is the pelican state. the brown pelican is the state bird and appears on the state flag and on the seal. the hornets moved to new orleans from charlotte in 2002. charlotte bobcats owner michael jordan told the charlotte observer, he would consider reclaiming the name if it was available again. >> the teams move and they keep the state name and then they end up -- >> something related to -- >> when we come back, some breaking economic numbers. we are just a few minutes away from productivity numbers for the third quarter. right now as we head to a break, take a look at u.s. equity futures still indicated higher, up about 36 points for those futures. >>> welcome back to squawk "squawk box," everybody. rick santelli is standing by at the cme in chicago, steve liesman is right here in studio with us. and rick, go ahead. take it away. >> all right. third quarter final. and here we go on the nonfarm productivity up 2.9. it's within a tenth or two of the expectation, anywhere from 2.7 to 2.8. no revision to our last look. this is the revision so to speak. and
, anywhere you want to go with that. >> unbelievable number for brown forman. i thought what was most interesting is jack daniels way old brand, high single digits growth. i think that people just want to get lost in whatever they can get lost in. booze, marijuana, doesn't matter. >> i love that assessment, jim. >> thank you. >> except you drink jack daniels and you drive 90 miles an hour and you smoke a joint you'll get hit by someone going 90 because you're going 15. may be distracted by the munchies you're having. >> john had that terrific cadillac with shot glasses in the glove box. >> i think about the dude. he was mellow. what about -- do you think that was a public -- i mean, if it went up that much, we had an analyst arguing that netflix went up that much after the facebook posting so that it must have been the reason but that didn't get him to admit it must have been public in that many people knew about it to bid up the stock. >> this is a ridiculous story. i loved what you were talking about in terms of public disclosure. i don't follow him on facebook. i regard that as pri
the football from charlie brown. he has the right to change his mind but we have the right to call him on it. but america is facing a debt crisis. it is spending driven, and this talk about taxes is, fwrangly, almost -- >> am i right to read between the lines. it sounds like you are saying, it's a possibility, it could be bought if you see significant spending cuts, and dealings with the entitlement programs? >> becky, what i said earlier is this is written into current law. we know what's going to happen at the stroke of midnight. i didn't vote for any tax increases. i don't want them there. but i recognize them. it's the difference between me bringing something to the table and recognizing it's on the table. house republicans are going to work hard to minimize the increase in tax revenues. we're going to do everything we can to make sure that they are done in a way that doesn't harm the economy. an approach like simpson-bowles, which is to bring down rates, bring down marginal rates, and flatten and broaden the code. start to clear out all the loopholes that unfortunately the president see
brown, partner in a.t. kearney's retail practice. do we know, you have a good number for me? is 2 1/2 the number, between 3 and 4, do we know? >> the numbers are all over the place depending on what time period you're looking at and who's numbers you're looking at. most of the consensus is going to be that 2.5%, 3% range where it was forecast at the beginning of the season. >> 3% to 4% would be better. >> it looks like it's going to be closer to the 3 number. >> every year we sweat this out and there's not a whole lot of deviation from the mean most years. is there more this year because of the cliff? >> yeah, i think the cliff is partially about it. but you have to look at where we come from. beginning of the season, we saw the economy turning around. we saw construction increasing. we saw consumer confidence being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there
. the introduction of andrew's zipper sweater. >> i could start wearing a hoodie. >> we're looking at my brown shoes. >> i may be in the market for a car. i have a budget for a helicopter. >> yes, all this from a guy -- >> there will come a point where you'll make him cry. make him cry. >> don't tape me when i'm listening to andrew. >> you're never going to win an emmy. >> you would be skiing, and here comes a mogul. wow! >> everybody is -- i can see -- eat your heart out, joe. >> i've got to do the end of this. >> can't you read that? >> did the mayans actually know where greenwich was? >> i like to party. how many guinnesss after that? >> that was great. there were bugs flying all over me. >> it's too late for me. the horse is already out of the barn. >> i watch basketball. i watch "squawk box" in the morning. >> i can go back to bed. >> squawk is like a cocktail party in the morning. >> that's it? >> wow. that is a year of things we thought weren't making it to camera. we want to give a special thanks to our tape producer. he does incredible work for us all year long. he's taking notes just about
Search Results 0 to 21 of about 22 (some duplicates have been removed)